Lane Generational LLC Has $4.05 Million Position in Select Water Solutions, Inc. (NYSE:WTTR)

Lane Generational LLC increased its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,383 shares of the company's stock after buying an additional 70,454 shares during the period. Select Water Solutions accounts for 4.4% of Lane Generational LLC's portfolio, making the stock its 8th largest position. Lane Generational LLC owned approximately 0.32% of Select Water Solutions worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. bought a new stake in Select Water Solutions during the 1st quarter valued at about $123,000. Wealth Enhancement Advisory Services LLC bought a new position in Select Water Solutions during the 4th quarter valued at about $154,000. Swiss National Bank lifted its stake in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after acquiring an additional 1,400 shares during the period. GAMMA Investing LLC lifted its stake in Select Water Solutions by 766.8% during the 1st quarter. GAMMA Investing LLC now owns 36,015 shares of the company's stock valued at $378,000 after acquiring an additional 31,860 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Select Water Solutions by 57.6% during the 1st quarter. New York State Common Retirement Fund now owns 664,868 shares of the company's stock valued at $6,981,000 after acquiring an additional 243,114 shares during the period. 81.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup lowered their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler initiated coverage on Select Water Solutions in a research note on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price target for the company. Finally, Raymond James Financial cut their price target on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $14.88.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock traded down $0.16 during trading hours on Friday, reaching $9.72. 438,179 shares of the stock traded hands, compared to its average volume of 1,196,391. The company has a 50 day moving average price of $8.95 and a 200 day moving average price of $10.11. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 28.57 and a beta of 1.20. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14. The company has a quick ratio of 1.67, a current ratio of 1.83 and a debt-to-equity ratio of 0.27.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. The firm had revenue of $374.38 million for the quarter, compared to the consensus estimate of $360.78 million. During the same quarter last year, the company earned $0.04 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, August 5th. Select Water Solutions's dividend payout ratio is 82.35%.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.